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Helveticus 12-15-2011 03:55 PM

William Hill which currency?
 
Hello

While registering at william hill I have to choose the curency in which I want to play. I'm from Switzerland, so I can choose Swiss Francs. I make my money transfer with moneybookers. There I have an account in Swiss Francs.

So is it best to choose Swiss Francs at William Hill or Euro or Dollar?

KeithMM 12-16-2011 07:39 AM

Re: William Hill which currency?
 
Don't under any circumstances use your swiss francs . look n the lobby and decide which table currency you are likely to be playing most out of $ and euro or and make your currency that. get a moneybookers account in the same currency to move money across poker rooms. ($ is best choice as widest support)

read this thread for the reasons why.
http://forumserver.twoplustwo.com/28...layers-883575/

Helveticus 12-16-2011 09:08 AM

Re: William Hill which currency?
 
Thank you very much. That's surprising. I think I will choose dollar. Are the most tables in dollar?

Now I can have MB either in Dollar or in Swiss Francs. If I have it in Dollar, the currency conversion happens when cashing out of my MB account to my bank account. If I have MB in Swiss Francs the currency conversion happens when cashing out from the poker rooms.

So what is better? That means has the poker rooms or MB better currency conversion rates?

By the way, is it better to cash in and out from MB with a credit card (from my bank) or with a bank account?

Helveticus 12-16-2011 11:14 AM

Re: William Hill which currency?
 
By the way, Euro and also Dollar are very weak currencies in contrast to Swiss Francs. You never know if Dollar crashes. So with this view it would be perhaps a good idea to go with Swiss Francs at william hill and moneybookers.

39suited 12-16-2011 11:17 AM

Re: William Hill which currency?
 
If you select Swiss Franks, you will always lose out on conversion rates, this may add up quite a bit depending on how much you actually play. You cannot escape from those exchange rates though since they will always apply in some way, be it in the poker room or with MoneyBookers / Skrill.

Bobo Fett 12-16-2011 11:38 AM

Re: William Hill which currency?
 
You should never choose the currency of an account based on the strength of the currency IMO. If you're able to predict the future of a currency with that much accuracy, you can use the money to get into currency trading.

Currency strength is ever-changing, exchange vig is forever.

Helveticus 12-16-2011 04:31 PM

Re: William Hill which currency?
 
I see your argumentation.

But look at the following scenario. I have william hill in dollar and deposit 100$, which is 80 swiss francs. Three months later I want to cash out from william hill, but then the 100$ are only worth 60 Swiss Francs, because of Swiss Francs got more value against Dollar. In this way one can loose lot of money, more than with the very little amounts of rounding. Of course one can not predict the future of the currency, but it seems that Swiss Francs has the better future. In the last years, dollar alsways loss value against Swiss Francs.

So what you mean in respect to this argumentation?

gate13 12-16-2011 04:40 PM

Re: William Hill which currency?
 
my opinion is get your moneybookers account in the currency u use most!
if u use m'bookers to send money to sportsbooks etc. and u play in francs. definetely get your m'bookers account in this currency!

Rek 12-16-2011 05:44 PM

Re: William Hill which currency?
 
Quote:

Originally Posted by Helveticus (Post 30426102)
Of course one can not predict the future of the currency

Exactly....................oh wait a minute.............
Quote:

but it seems that Swiss Francs has the better future. In the last years, dollar alsways loss value against Swiss Francs

Helveticus 12-16-2011 06:55 PM

Re: William Hill which currency?
 
But the loss of money from rounding can be calculated and is more or less constant. The loss of money because of currency change is not constant. So if I would cash out, but the currency change rate from Dollar to Swiss Francs is very bad at that moment, I can only wait and hope it become better.

Is the loss of money because of rounding so much? Even if I auto rebuy and play a lot there are only cents of loss.

Bobo Fett 12-16-2011 07:08 PM

Re: William Hill which currency?
 
Quote:

Originally Posted by Helveticus (Post 30426102)
I see your argumentation.

But look at the following scenario. I have william hill in dollar and deposit 100$, which is 80 swiss francs. Three months later I want to cash out from william hill, but then the 100$ are only worth 60 Swiss Francs, because of Swiss Francs got more value against Dollar. In this way one can loose lot of money, more than with the very little amounts of rounding. Of course one can not predict the future of the currency, but it seems that Swiss Francs has the better future. In the last years, dollar alsways loss value against Swiss Francs.

So what you mean in respect to this argumentation?

Sounds like results-oriented thinking to me.

And I'm not sure why you keep talking about rounding. Rounding isn't the concern here - vig is. Many (most?) sites add 2-3% to the exchange rates when you deposit and withdraw from one currency to another.

KeithMM 12-16-2011 07:53 PM

Re: William Hill which currency?
 
Quote:

Originally Posted by Helveticus (Post 30426102)
I see your argumentation.

But look at the following scenario. I have william hill in dollar and deposit 100$, which is 80 swiss francs. Three months later I want to cash out from william hill, but then the 100$ are only worth 60 Swiss Francs, because of Swiss Francs got more value against Dollar. In this way one can loose lot of money, more than with the very little amounts of rounding. Of course one can not predict the future of the currency, but it seems that Swiss Francs has the better future. In the last years, dollar alsways loss value against Swiss Francs.

So what you mean in respect to this argumentation?

bobo's point about currency vig is important but he shouldn't dismiss the rounding effects either. in the post above its essentially assuming that the OP is playing breakeven poker in $ on a $ table. It cost me 17$ over 22000 hands or ~$0.75 per 1000 hands. if he had his account in swiss francs playing exactly the same way with the same winings at the table 30K hands per month, over the same 3 month period rounding would cost him $3*30*0.75 or ~$67 . so playing breakeven at the $ table in $ he would still have $100 bankroll. playing breakeven at $ tables with a swiss franc account he would have a $34 bankroll. Currency volatility isn't that bad to justify taking this risk. With my figures , I was a wining player , a breakeven player would be auto topping off more often so the rounding costs would be higher.

39suited 12-16-2011 10:00 PM

Re: William Hill which currency?
 
Quote:

Originally Posted by Bobo Fett (Post 30428548)
Many (most?) sites add 2-3% to the exchange rates when you deposit and withdraw from one currency to another.

Actually that depends more on the deposit method, especially MoneyBookers as eWallet for example puts those % on top and not the poker site.

Bobo Fett 12-16-2011 11:15 PM

Re: William Hill which currency?
 
Quote:

Originally Posted by KeithMM (Post 30429191)
bobo's point about currency vig is important but he shouldn't dismiss the rounding effects either. in the post above its essentially assuming that the OP is playing breakeven poker in $ on a $ table. It cost me 17$ over 22000 hands or ~$0.75 per 1000 hands. if he had his account in swiss francs playing exactly the same way with the same winings at the table 30K hands per month, over the same 3 month period rounding would cost him $3*30*0.75 or ~$67 . so playing breakeven at the $ table in $ he would still have $100 bankroll. playing breakeven at $ tables with a swiss franc account he would have a $34 bankroll. Currency volatility isn't that bad to justify taking this risk. With my figures , I was a wining player , a breakeven player would be auto topping off more often so the rounding costs would be higher.

Yes, you're right, I just wanted to make sure he new that vig was what I was talking about. But point taken.

Quote:

Originally Posted by 39suited (Post 30430984)
Actually that depends more on the deposit method, especially MoneyBookers as eWallet for example puts those % on top and not the poker site.

Sure, but that's where the currency of the eWallet comes in. If it's the same as his bank's currency, he won't be paying any vig, but then he could be paying it to move money from the eWallet to the poker sites and back, depending on the site. Conversely, if the eWallet matches his poker site accounts but not his bank, then it will be the way you described.

Helveticus 12-17-2011 06:06 AM

Re: William Hill which currency?
 
Quote:

Sure, but that's where the currency of the eWallet comes in. If it's the same as his bank's currency, he won't be paying any vig, but then he could be paying it to move money from the eWallet to the poker sites and back, depending on the site. Conversely, if the eWallet matches his poker site accounts but not his bank, then it will be the way you described.
Ok, I will choose dollar for playing at William Hill and the other rooms. But what to choose on MoneyBookers? Dollar or Swiss Francs? My bank account is in Swiss Francs.

With William Hill account in dollar I can automatically rebuy very often at dollar tables and have no loss, right?


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